Nasdaq (NASDAQ:NDAQ) Price Target Raised to $92.00

Nasdaq (NASDAQ:NDAQ) had its target price raised by Morgan Stanley from $85.00 to $92.00 in a report issued on Thursday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.

NDAQ has been the subject of several other reports. Raymond James upgraded shares of Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 target price for the company in a research report on Monday, October 14th. UBS Group upped their price objective on Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 target price on shares of Nasdaq in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on Nasdaq from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.07.

Nasdaq Trading Up 1.0 %

Shares of NDAQ stock opened at $74.91 on Thursday. The stock has a market capitalization of $43.09 billion, a P/E ratio of 39.43, a P/E/G ratio of 2.99 and a beta of 0.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. The firm’s 50 day moving average is $72.02 and its 200 day moving average is $65.27. Nasdaq has a 12-month low of $47.56 and a 12-month high of $74.93.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. Nasdaq’s revenue was up 25.3% compared to the same quarter last year. Research analysts expect that Nasdaq will post 2.75 earnings per share for the current year.

Nasdaq Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, September 13th. Nasdaq’s dividend payout ratio (DPR) is presently 50.53%.

Insider Transactions at Nasdaq

In related news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at approximately $2,764,295,688.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NDAQ. Y.D. More Investments Ltd grew its stake in shares of Nasdaq by 94.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 415 shares of the financial services provider’s stock worth $25,000 after buying an additional 202 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in Nasdaq during the second quarter valued at approximately $26,000. Salem Investment Counselors Inc. lifted its stake in shares of Nasdaq by 89.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 426 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 201 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Nasdaq by 164.4% in the 2nd quarter. Crewe Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 314 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Nasdaq in the 1st quarter worth approximately $31,000. 72.47% of the stock is currently owned by institutional investors.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.